Post by
Shortingtozero2 on Nov 07, 2016 8:03pm
Bonds Continue to Fall After Hours on 2023 paper
If you thought that a 12% YIELD meant that the company was in trouble the bonds continue to fall after hours and Now yield 26.6 % Clearly even the bondholders do not think that they will be paid as that is an absurd yield in today's low yield environment.
What does that say about the common shareholder's equity?
Comment by
birch1 on Nov 07, 2016 8:26pm
LOL...then, I bought too soon I guess. Ces la vie.
Comment by
Craigbad on Nov 07, 2016 8:33pm
The long thesis is now 1. Hope that someone is stupid enough to buy your shares at a higher price than you paid for them 2. You won't wake up only to find its delisted if you hold it overnight. The short thesis is stronger than ever.
Comment by
Shortingtozero2 on Nov 07, 2016 8:59pm
No wait. We still have funnytrader and Lumberfeverlong to come on and say they have gazilllions of cash and are makin $$$$$$$ EBITDA.... OH WAIT ..... they didn't or couldn't or wouldn't even give a financial forecast..... Bahahahhaha